Innovative Lending Solutions Made Simple
Whether you’re buying your first home or your next home, NLC Loans is here to make your purchasing experience run smoothly. From application to closing, your personal mortgage advisor will be with you every step of the way.
Step One: Get Pre-Qualified
Pre-qualification is a simple process that will allow us to tell you how much you can finance and what interest rates will apply to your loan. We’ll need some personal information to get started so that we can get a feel for your income. We’ll also check your credit to determine which types of loans for which you might qualify.
Step Two: Find Your Dream Home
Now that you have your pre-qualification letter, you’ll be able to house hunt. Once you find a great house, you can put in an offer and let the seller and their realtor know that you’ll be able to secure the appropriate funding to buy the home if they should accept your offer.
Step Three: Apply for Your Mortgage
Once the seller has accepted your offer, you’ll formally apply for your mortgage. At this stage, you’ll submit a lot of paperwork, including bank statement, pay stubs, tax documentation and other important items. The amount of paperwork can seem tedious, but your Personal Mortgage Advisor will walk you through the process the entire way. During this time, a home appraisal will be ordered. If you choose, a home inspection can also be done at this time.
Step Four: Become a Homeowner
Once your application has processed, you’ll meet with your realtor and/or lender to sign closing paperwork. Be prepared to sign your name a lot during closing, as there are many documents that will require your signature. Once your closing paperwork is filed, you’ll officially be a homeowner! All that is left is for you to move in.
cheaper to buy a home vs. renting
Still debating whether you should rent or buy? On average, buying a home at a 30-year fixed rate of 4.5% is 38% cheaper than renting nationally. Let NLC Loans help you find a lending option that’s right for you.